Published: Monday, 21th October 2024
The cost of living in Monaco is 18.25 times more expensive as compared to Ghana.
On this page, you will find side-by-side cost comparison between Monaco and Ghana. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Monaco and Ghana.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
Indicators | Monaco | Ghana |
---|---|---|
1 BHK Apartment in City Center | 3,500 EUR (3,892.35 USD) | 1,500 GHS (129 USD) |
2 BHK Apartment in City Center | 6,000 EUR (6,672.60 USD) | 2,500 GHS (215 USD) |
3 BHK Apartment in City Center | 9,000 EUR (10,008.90 USD) | 3,500 GHS (301 USD) |
1 BHK Apartment outside City Center | 2,500 EUR (2,780.25 USD) | 1,000 GHS (86 USD) |
2 BHK Apartment outside City Center | 4,000 EUR (4,448.40 USD) | 1,800 GHS (154.80 USD) |
3 BHK Apartment outside City Center | 6,000 EUR (6,672.60 USD) | 2,500 GHS (215 USD) |
Mortgage Rates Per Month | 1.5 % | 14 % |
Realtor Commission | 5 % | 5 % |
Property Taxes | Yet to Update | 0.5 to 1.0 % |
The average housing cost in Monaco is 31.37 times more expensive than Ghana.
Indicators | Monaco | Ghana |
---|---|---|
Basic Home Furnishing | 20,000 EUR (22,242 USD) | 1,500 GHS (129 USD) |
Electricity Cost Per Month | 100 EUR (111.21 USD) | 200 GHS (17.20 USD) |
Heating Cost Per Month | 150 EUR (166.82 USD) | 250 GHS (21.50 USD) |
Cooling Cost Per Month | 80 EUR (88.97 USD) | 100 GHS (8.60 USD) |
Water Supply Cost Per Month | 50 EUR (55.61 USD) | 60 GHS (5.16 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 12390.13% more for Utilities.
The basic home furnishing in Monaco costs 172.42 times more compared to Ghana.
Indicators | Monaco | Ghana |
---|---|---|
Standard Wifi Cost Per Month | 60 EUR (66.73 USD) | 80 GHS (6.88 USD) |
Mobile Phone Basic Plan Cost Per Month | 40 EUR (44.48 USD) | 50 GHS (4.30 USD) |
Landline Basic Plan Cost Per Month | 30 EUR (33.36 USD) | 30 GHS (2.58 USD) |
Cable TV Basic Plan Cost Per Month | 80 EUR (88.97 USD) | 70 GHS (6.02 USD) |
The internet and communication costs 1080.69% more in Monaco compared to Ghana.
Indicators | Monaco | Ghana |
---|---|---|
Long Grain Rice (1 KG) | 3 EUR (3.34 USD) | 8 GHS (0.69 USD) |
Milk (1 Liter) | 1.50 EUR (1.67 USD) | 6 GHS (0.52 USD) |
Water (1 Liter) | 1 EUR (1.11 USD) | 1.50 GHS (0.13 USD) |
Bread (500 gm) | 2 EUR (2.22 USD) | 3.50 GHS (0.30 USD) |
Eggs (1 Dozen) | 3.50 EUR (3.89 USD) | 10 GHS (0.86 USD) |
Cheese (1 KG) | 8 EUR (8.90 USD) | 25 GHS (2.15 USD) |
Chicken Breast (1 KG) | 10 EUR (11.12 USD) | 35 GHS (3.01 USD) |
In Monaco, the cost of 1 Liter Water and 1 Liter Milk is 4.31 times more expensive than the cost in Ghana.
If you lived in Monaco, instead of Ghana, you would have to pay 321.36% more for Groceries.
Indicators | Monaco | Ghana |
---|---|---|
Apples (1 KG) | 3 EUR (3.34 USD) | 8 GHS (0.69 USD) |
Bananas (1 KG) | 2.50 EUR (2.78 USD) | 6 GHS (0.52 USD) |
Oranges (1 KG) | 3 EUR (3.34 USD) | 7 GHS (0.60 USD) |
Tomatoes (1 KG) | 3 EUR (3.34 USD) | 5 GHS (0.43 USD) |
Potatoes (1 KG) | 2 EUR (2.22 USD) | 4 GHS (0.34 USD) |
Lemons (1 KG) | 3.50 EUR (3.89 USD) | 10 GHS (0.86 USD) |
Onions (1 KG) | 2 EUR (2.22 USD) | 4.50 GHS (0.39 USD) |
Lentils (1 KG) | 3.50 EUR (3.89 USD) | 8 GHS (0.69 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 5.54 times more for Fruits and Vegetables.
Indicators | Monaco | Ghana |
---|---|---|
Meal at a Resonable Restaurant | 20 EUR (22.24 USD) | 30 GHS (2.58 USD) |
Three-Course Meal for Two | 80 EUR (88.97 USD) | 100 GHS (8.60 USD) |
Fast Food Combo Meal | 8 EUR (8.90 USD) | 20 GHS (1.72 USD) |
Normal Coffee | 3 EUR (3.34 USD) | 7 GHS (0.60 USD) |
Soft Drink | 2.50 EUR (2.78 USD) | 3 GHS (0.26 USD) |
Pizza for One | 15 EUR (16.68 USD) | 30 GHS (2.58 USD) |
Take-Out Delivery Meal | 15 EUR (16.68 USD) | 35 GHS (3.01 USD) |
Cigarette Pack of 20 | 7 EUR (7.78 USD) | 10 GHS (0.86 USD) |
Dining-Out costs 728.16% more in Monaco compared to Ghana.
Indicators | Monaco | Ghana |
---|---|---|
Wine Mid-Range Bottle | 10 EUR (11.12 USD) | 50 GHS (4.30 USD) |
Glass of Wine | 5 EUR (5.56 USD) | 12 GHS (1.03 USD) |
Domestic Beer Half Liter | 3 EUR (3.34 USD) | 5 GHS (0.43 USD) |
Imported Beer Half Liter | 4 EUR (4.45 USD) | 7 GHS (0.60 USD) |
Domestic Alcohol 1 Liter | 10 EUR (11.12 USD) | 35 GHS (3.01 USD) |
Branded Alcohol 1 Liter | 30 EUR (33.36 USD) | 60 GHS (5.16 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 4.74 times more for usual hard drinks.
Indicators | Monaco | Ghana |
---|---|---|
Monthly Public Transportation Pass | 30 EUR (33.36 USD) | 60 GHS (5.16 USD) |
Single Public Transportation Ticket | 1 EUR (1.11 USD) | 2 GHS (0.17 USD) |
Single Train Ticket | Yet to Update () | 50 GHS (4.30 USD) |
Domestic Airplane Ticket | 50 EUR (55.61 USD) | 150 GHS (12.90 USD) |
Taxi Start Fare | 10 EUR (11.12 USD) | 10 GHS (0.86 USD) |
Taxi Rate Per Kilometer | 2 EUR (2.22 USD) | 2 GHS (0.17 USD) |
Car Rental Per Day | 70 EUR (77.85 USD) | 60 GHS (5.16 USD) |
Parking Fees in City Center Per Hour | 10 EUR (11.12 USD) | 10 GHS (0.86 USD) |
Parking Fees outside City Center Per Hour | 5 EUR (5.56 USD) | 5 GHS (0.43 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 6.60 times more for transportation.
Indicators | Monaco | Ghana |
---|---|---|
Reasonable Vehicle Purchase Cost | 20,000 EUR (22,242 USD) | 35,000 GHS (3,010 USD) |
Vehicle Registration Cost | 500 EUR (556.05 USD) | 300 GHS (25.80 USD) |
Driving License Fees | 150 EUR (166.82 USD) | 200 GHS (17.20 USD) |
Car Insurance Cost | 1,000 EUR (1,112.10 USD) | 500 GHS (43 USD) |
Car Maintenance Cost | 500 EUR (556.05 USD) | 150 GHS (12.90 USD) |
Car Loan Interest Rates | 5 % | 15 % |
Fuel Per Liter | 1.70 EUR (1.89 USD) | 7 GHS (0.60 USD) |
Fuel Per Gallon | 7 EUR (7.78 USD) | 26 GHS (2.24 USD) |
Average Toll Fees | Yet to Update | Yet to Update |
You would have to pay 7.92 times more for Vehicle purchase, daily operation and maintenance in Monaco compared to that of Ghana.
Indicators | Monaco | Ghana |
---|---|---|
Doctor Visit | 150 EUR (166.82 USD) | 100 GHS (8.60 USD) |
Specialist Visit | 250 EUR (278.03 USD) | 150 GHS (12.90 USD) |
Dentist Visit | 200 EUR (222.42 USD) | 90 GHS (7.74 USD) |
Eye Exam | 100 EUR (111.21 USD) | 60 GHS (5.16 USD) |
Mental Health Counseling | 150 EUR (166.82 USD) | 120 GHS (10.32 USD) |
Preventive Health Screening | 100 EUR (111.21 USD) | 70 GHS (6.02 USD) |
Physical Therapy | 100 EUR (111.21 USD) | 90 GHS (7.74 USD) |
Emergency Room Visit | 500 EUR (556.05 USD) | 150 GHS (12.90 USD) |
Hospital Stay Per Night | 800 EUR (889.68 USD) | 250 GHS (21.50 USD) |
Vaccinations | 50 EUR (55.61 USD) | 40 GHS (3.44 USD) |
Prescription Medication | 50 EUR (55.61 USD) | 30 GHS (2.58 USD) |
Over the Counter Medication | 20 EUR (22.24 USD) | 15 GHS (1.29 USD) |
Health Insurance Premiums | 300 EUR (333.63 USD) | 200 GHS (17.20 USD) |
Health Insurance Deductibles | 200 EUR (222.42 USD) | 100 GHS (8.60 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 26.22 times more for Health and Medical Treatment.
Indicators | Monaco | Ghana |
---|---|---|
Cosmetic Procedures | 1,000 EUR (1,112.10 USD) | 250 GHS (21.50 USD) |
Spa Treatment | 200 EUR (222.42 USD) | 120 GHS (10.32 USD) |
Manicure Pedicure Cost | 50 EUR (55.61 USD) | 60 GHS (5.16 USD) |
Optical Glasses Cost | 150 EUR (166.82 USD) | 120 GHS (10.32 USD) |
Contact Lenses Cost | 50 EUR (55.61 USD) | 200 GHS (17.20 USD) |
Haircuts | 25 EUR (27.80 USD) | 30 GHS (2.58 USD) |
Hair Coloring | 100 EUR (111.21 USD) | 70 GHS (6.02 USD) |
Shampoo Price | 5 EUR (5.56 USD) | 10 GHS (0.86 USD) |
Toothpaste Price | 3 EUR (3.34 USD) | 3 GHS (0.26 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 23.72 times more for Personal Care Items and Treatment.
Indicators | Monaco | Ghana |
---|---|---|
Pair of Nike Running Shoes | 120 EUR (133.45 USD) | 400 GHS (34.40 USD) |
Men's Shirt | 60 EUR (66.73 USD) | 90 GHS (7.74 USD) |
Women's Dress | 80 EUR (88.97 USD) | 100 GHS (8.60 USD) |
Summer Dress | 60 EUR (66.73 USD) | 60 GHS (5.16 USD) |
Men's Suit | 300 EUR (333.63 USD) | 800 GHS (68.80 USD) |
Men's Jeans | 80 EUR (88.97 USD) | 150 GHS (12.90 USD) |
Women's Jeans | 80 EUR (88.97 USD) | 130 GHS (11.18 USD) |
Men's Formal Shoes | 120 EUR (133.45 USD) | 200 GHS (17.20 USD) |
Women's Formal Shoes | 120 EUR (133.45 USD) | 200 GHS (17.20 USD) |
Men's Casual Shoes | 80 EUR (88.97 USD) | 120 GHS (10.32 USD) |
Women's Casual Shoes | 80 EUR (88.97 USD) | 120 GHS (10.32 USD) |
Underwear For Men | 10 EUR (11.12 USD) | 15 GHS (1.29 USD) |
Underwear For Women | 15 EUR (16.68 USD) | 20 GHS (1.72 USD) |
Socks For Men | 5 EUR (5.56 USD) | 8 GHS (0.69 USD) |
Socks For Women | 5 EUR (5.56 USD) | 9 GHS (0.77 USD) |
Wintercoat for Adults | 150 EUR (166.82 USD) | 150 GHS (12.90 USD) |
Sportswear | 80 EUR (88.97 USD) | 70 GHS (6.02 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 7.07 times more for Clothing and Footwear for Adults.
Indicators | Monaco | Ghana |
---|---|---|
Children's Jeans | 50 EUR (55.61 USD) | 50 GHS (4.30 USD) |
Children's Normal Sneakers | 60 EUR (66.73 USD) | 80 GHS (6.88 USD) |
Children's Winter Coat | 80 EUR (88.97 USD) | 100 GHS (8.60 USD) |
Daycare for Infant | 1,000 EUR (1,112.10 USD) | 2,000 GHS (172 USD) |
Daycare for Toddler | 800 EUR (889.68 USD) | 1,800 GHS (154.80 USD) |
Childcare for Sick Days | 100 EUR (111.21 USD) | 60 GHS (5.16 USD) |
Early Childhood Education Programs | 500 EUR (556.05 USD) | 1,500 GHS (129 USD) |
Extra Curricular Activities | 200 EUR (222.42 USD) | 300 GHS (25.80 USD) |
Summer Camp for Kids | 800 EUR (889.68 USD) | 700 GHS (60.20 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 7.04 times more for Childcare and kids clothing.
Indicators | Monaco | Ghana |
---|---|---|
PreSchool Fees | 1,500 EUR (1,668.15 USD) | 1,500 GHS (129 USD) |
Primary School Fees | 2,000 EUR (2,224.20 USD) | 2,500 GHS (215 USD) |
Secondary School Fees | 3,000 EUR (3,336.30 USD) | 4,000 GHS (344 USD) |
Private School Fees | 5,000 EUR (5,560.50 USD) | 7,000 GHS (602 USD) |
University Tuition Fees | 20,000 EUR (22,242 USD) | 12,000 GHS (1,032 USD) |
University Private Tuition Fees | 40,000 EUR (44,484 USD) | 18,000 GHS (1,548 USD) |
After School Activities | 200 EUR (222.42 USD) | 300 GHS (25.80 USD) |
Special Education Services | 400 EUR (444.84 USD) | 600 GHS (51.60 USD) |
Tutoring | 100 EUR (111.21 USD) | 70 GHS (6.02 USD) |
Textbooks Cost | 50 EUR (55.61 USD) | 60 GHS (5.16 USD) |
School Supplies | 30 EUR (33.36 USD) | 40 GHS (3.44 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 20.29 times more for school and education.
Indicators | Monaco | Ghana |
---|---|---|
Movie Ticket (Single) | 15 EUR (16.68 USD) | 20 GHS (1.72 USD) |
Theater Ticket (Single) | 50 EUR (55.61 USD) | 40 GHS (3.44 USD) |
Concert Ticket (Single) | 60 EUR (66.73 USD) | 50 GHS (4.30 USD) |
Sports Event Ticket (Single) | 50 EUR (55.61 USD) | 30 GHS (2.58 USD) |
Gym Membership | 60 EUR (66.73 USD) | 60 GHS (5.16 USD) |
Swimming Pool Access | 40 EUR (44.48 USD) | 30 GHS (2.58 USD) |
Museum Entry Ticket | 10 EUR (11.12 USD) | 10 GHS (0.86 USD) |
Zoo Entry Ticket | 20 EUR (22.24 USD) | 20 GHS (1.72 USD) |
Amusement Park Entry Ticket | 30 EUR (33.36 USD) | 40 GHS (3.44 USD) |
Bowling | 20 EUR (22.24 USD) | 15 GHS (1.29 USD) |
Mini Golf | 15 EUR (16.68 USD) | 10 GHS (0.86 USD) |
Video Games | 40 EUR (44.48 USD) | 70 GHS (6.02 USD) |
Streaming Services | 15 EUR (16.68 USD) | 40 GHS (3.44 USD) |
Outdoor Equipment Rental | 30 EUR (33.36 USD) | 30 GHS (2.58 USD) |
Theme Park Annual Pass | 500 EUR (556.05 USD) | 600 GHS (51.60 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 11.60 times more for entertainment, recreation and fun activities.
Indicators | Monaco | Ghana |
---|---|---|
Language Classes | 300 EUR (333.63 USD) | 300 GHS (25.80 USD) |
Parenting Classes | 150 EUR (166.82 USD) | 150 GHS (12.90 USD) |
Art Classes | 30 EUR (33.36 USD) | 50 GHS (4.30 USD) |
Fitness Classes | 20 EUR (22.24 USD) | 20 GHS (1.72 USD) |
Music Lessons | 50 EUR (55.61 USD) | 60 GHS (5.16 USD) |
Dance Lessons | 50 EUR (55.61 USD) | 80 GHS (6.88 USD) |
Reading Materials for Classes | 10 EUR (11.12 USD) | 20 GHS (1.72 USD) |
Educational Software | 150 EUR (166.82 USD) | 200 GHS (17.20 USD) |
If you lived in Monaco, instead of Ghana, you would have to pay 11.17 times more for Private Classes.
Indicators | Monaco | Ghana |
---|---|---|
Average Gross Monthly Salary | 5,000 EUR (5,560.50 USD) | 4,000 GHS (344 USD) |
Average Net Monthly Salary | 3,500 EUR (3,892.35 USD) | 2,800 GHS (240.80 USD) |
Minimum Wages | 66.67 EUR per hour (74.14 USD) | 60 GHS per hour (5.16 USD) |
Average Bonus | 5,000 EUR (5,560.50 USD) | 400 GHS (34.40 USD) |
Income Tax Rate | 0 to 20 % | 0 to 12.5 % |
Social Security Contributions | Yet to Update | 6 % |
Pension Contributions | Yet to Update | 5 % |
Cost of Living Index | 12 | 50 |
Median Household Income | 7,000 EUR (7,784.70 USD) | 7,000 GHS (602 USD) |
If you lived in Monaco, you would earn 18.65 times more salary as compared to Ghana.
Indicators | Monaco | Ghana |
---|---|---|
Legal Consultation Per Hour Rate | 300 EUR (333.63 USD) | 150 GHS (12.90 USD) |
Accounting Services Per Hour Rate | 250 EUR (278.03 USD) | 120 GHS (10.32 USD) |
IT Support Services Per Hour Rate | 200 EUR (222.42 USD) | 90 GHS (7.74 USD) |
Technician Services Per Hour Rate | 150 EUR (166.82 USD) | 80 GHS (6.88 USD) |
Professional Services cost 26.45 times more in Monaco, as compared to Ghana.
We hope you enjoyed the detailed guide on the cost of living comparsion between Monaco and Ghana.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.